Sam Bankman-Fried delays agreement on extradition to US The crypto tycoon has acknowledged failures at FTX but says he does not believe he has criminal liability The Independent UK · Dec 19, 2022
The FTC hits Fortnite developer Epic Games with $520 million fine The penalty is over allegations that Epic tricks 'millions of players" into making unintentional purchases in Fortnite. USA Today Sports Media Group · Dec 19, 2022
Sam Bankman-Fried prepared to be extradited to US as soon as Monday Disgraced FTX co-founder Sam Bankman-Fried has indicated he’s preparing to be extradited to the U.S. from the Bahamas as soon as Monday, according to a person with direct knowledge of the matter. Tribune News Service · Dec 19, 2022
Fortnite creator Epic Games to pay record FTC fine over violating children’s privacy Epic Games, the creator of the popular video game Fortnite, has agreed to pay $520 million to the Federal Trade Commission over complaints that the company violated children’s privacy law and forced unintended purchases through trickery. Tribune News Service · Dec 19, 2022
Tech & Science Daily podcast: Twitter poll votes Musk to step down Elon Musk looks set to step down as Twitter CEO. Evening Standard · Dec 19, 2022
‘I said you’re a fraud.’ CME Group’s boss spotted early trouble at crypto exchange FTX Terrence Duffy, chairman of Chicago-based exchange owner CME Group, said his meeting with Sam Bankman-Fried showed FTX had no plan to prevent trading calamities that could have spread across the financial system. Chicago Sun-Times · Dec 19, 2022
Disgraced crypto boss Sam Bankman-Fried to walk back decision to fight extradition, report says Bankman-Fried potentially faces prison sentence of over 100 years The Independent UK · Dec 19, 2022
Sen. Sherrod Brown leaves possibility of crypto ban open as momentum builds for stronger regulation "Crypto doesn’t get a free pass because it’s bright and shiny," said the Senate banking chairman Sunday. Fortune · Dec 18, 2022
Ye, DeSantis and resurgent antisemitism Neoliberal capitalism has created a culture of isolation and empty spectacle — and driven the comeback of fascism Salon · Dec 18, 2022
Ira Winderman: FTX fiasco has Heat’s Haslem feeling pain of others This was not an interview Udonis Haslem wanted to be having, making that clear immediately. Tribune News Service · Dec 18, 2022
Former FTX CEO Sam Bankman-Fried to reverse decision on contesting extradition Sam Bankman-Fried is expected to appear in court in the Bahamas on Monday to reverse his decision to contest extradition to the United States, where he faces fraud charges, a person familiar with the matter said. ABC News · Dec 18, 2022
Sam Bankman-Fried will now reverse his decision to fight extradition to the U.S.: Report The FTX founder was arrested on Monday in the Bahamas and denied bail, with the judge deeming him a flight risk. Fortune · Dec 17, 2022
Exclusive-Sam Bankman-Fried to reverse decision on contesting extradition Former FTX Chief Executive Sam Bankman-Fried is expected to appear in court in the Bahamas on Monday to reverse his decision to contest extradition to the United States, where he faces fraud charges, a person familiar with the matter said on Saturday. Reuters · Dec 17, 2022
Why were the media hypnotised by Sam Bankman-Fried? Credulous or ignorant interviewers made it easier for the disgraced crypto wunderkind to pull the wool The Guardian - UK · Dec 17, 2022
The Independent UK · Dec 17, 2022 Crypto's ties to sports raise ethical questions Sports fans who view their favorite players as role models might think twice before taking their financial advice, too
Bangkok Post · Dec 17, 2022 Crypto miner 'stole electricity worth B10 million' A cryptocurrency miner running 223 computers stole some 10 million baht worth of electricity over a one-year period, the Metropolitan Electricity Authority (MEA) says.
The Guardian - US · Dec 17, 2022 In balmy Puerto Rico, diehards shrug off the crypto winter: ‘We’re not worried’ Blockchain aficionados have long flocked to the island for its favorable tax laws. But as the industry wobbles, local residents are pushing back
The Guardian - US · Dec 17, 2022 Fraud, cons and Ponzi schemes: did Sam Bankman-Fried use Madoff tactics? The fallen crypto mogul is fighting off accusations he followed a similar playbook to Madoff – and deceived investors in the process
inkl Originals · Dec 17, 2022 The Weekly Wrap for Saturday, 17 December 2022 This man needs little introduction. He's a scoundrel who drank his own bath water. A gambling exemplar of modern techno-capitalism. And if we lived in a just society, Sam Bankman-Fried would be TIME magazine's Person of the Year.
The Texas Tribune · Dec 16, 2022 More Texans give away campaign donations from Sam Bankman-Fried and other FTX affiliates Earlier this month, The Texas Tribune reported that Beto O’Rourke had given back a $1 million donation that Bankman-Fried had donated to his campaign.
The Independent UK · Dec 16, 2022 Democrats set aside donations from ex-FTX CEO Bankman-Fried The three primary committees charged with electing Democrats are setting aside more than $1 million in donations from disgraced crypto mogul Samuel Bankman-Fried this election cycle
Tribune News Service · Dec 16, 2022 US regulators warn about risks of deeper crypto-Wall Street ties The top U.S. financial regulators are worried about the prospect of deeper ties between digital-asset firms and Wall Street.
The Independent UK · Dec 16, 2022 US trustee, media challenging secrecy in FTX bankruptcy Attorneys for the U.S. bankruptcy trustee and several major media outlets are challenging an effort by cryptocurrency exchange FTX to withhold names of the company’s customers and creditors from the public
The Guardian - UK · Dec 16, 2022 Watchdog orders suspension of two peers over ‘cash for parliamentary advice’ Earl of Shrewsbury and Mary Goudie took thousands of pounds to help and promote firms, reports find
The Guardian - UK · Dec 16, 2022 Binance auditor withdraws from working with crypto company World’s largest cryptocurrency exchange, which has been hit by $6bn of withdrawals this week, seeks replacement for Mazars